Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses (Tables)

v3.20.2
Accrued Expenses (Tables)
6 Months Ended
Jun. 30, 2020
Accrued Expenses  
Schedule of Accrued Expenses

Accrued expenses consisted of the following:

June 30, 

December 31, 

    

2020

    

2019

Accrued Wages and Related Costs

$

299,607

$

394,669

Accrued Professional Services

 

109,480

 

217,721

Accrued Warranty Obligations

 

111,769

 

98,893

Other Accrued Expenses

 

242,070

 

174,614

Total

$

762,926

$

885,897

Schedule of changes in accrued warranty obligations

The changes in the Company’s accrued warranty obligations for the six months ended June 30, 2020 and the balance as of December 31, 2019 were as follows:

Accrued Warranty Obligation at December 31, 2019

$

98,893

Reductions for Settling Warranties

 

(59,780)

Warranties Issued During Period

 

72,656

Accrued Warranty Obligations at June 30, 2020

$

111,769